New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-05
CAUGHT IN THE BIG NET.
.,r WHEAT CLIQUE SQUEEZING THE SAN
60 ANCIsCO sHORIS-THE TEA TRADE
r. rr1 roRArH TO THE TRIBUNE

- WHEAT CLIQUE SQUEEZING THE SAN
w 20 .NrIsCo sHORIs-THE TEA TRADE
far TELEGRAPH TO THE rsrBuEEl
rn.xc,sco. June 4.-Those who have
.hoa the operations of the wheat clique IN this
~ Chicago declare that the biggest deai
80, oountrv has ever seen will take place in the
WIZ. ~, .h,aa weeks. The Nevada Bank combination
~, has Mackay and Rosenfeld at its head is pur-
.,;nr precisely the same policy that has 10 oiten
''aeaa ont mining stock operators in San Fran
''sa" They have secured possession of all the
that could be bought, aud now they are pre-
w. 20 insist on the delivery by those who are
-, 81 the market As the shorts cannot get
wheat for love or money, tney mus'
..,,,s IN cash with the managers OF the deal lhis
so,eezinQ process was begun on FRIDAY anu VIII 10
.o,tinued at re guar intervals Inc whea. 'poo"-
,otors NJ Chicago who have beenunaoe 10 o'sco'o,
THAT the tactics of the California cirque mean, WIN
have their eyes opened before Ju'y t. anu IL 'no
.borts are accurate they will have 10 pay over Sow
oroI millions TO the Nevada Bank combination.
co =. uon,orse,ess in these deals aud has never
s,a-,' .nv mercy. Il was he and young Jimmy
Ed who engineered the San Francisco mining
.,ook DIAL last December They quietly gathered
~ oil Consolidated Virginia aud California, and all
.hs (nbir stock they could buy. and then showed
~, tho rrices All brokers had run short of these
s.ocks and run stared them in the face. Mackay
refused INV compromise, and 1T was only the return
of Flood from New-YOrk which prevented disas-
irons manic. The brokers waited on him ana oe'
clared they would all be broken unless ne caiieo
halt. The result was that the exchanges were
closed for two days and compromise was hiade'
This is the same method that will be pursued III
wheat. The re ult is sure, where the combination
has ample coin and nerve.
The wheat deal has had serious effect here on
coal and tonnage. Ship owners will not SEND their
vessels here under existing conditions. because
they know they will be at the mercy of the wheat
manipuators. This feeling is strengthened by re-
ports of poor wheat crop, which are lndustrlousy
circulated by the spectators. The vessels ALREADY
here have had a grevous experience. Inc port Is
crowded with ships which ought to be now hait
wayto Liverpool with wheat cargoes. This dlsen-
Gagged tonnage is over 81, 600 tons, compared with
$1,000 tons On the same date last year.
OF the 212,379 tons on the way here, nine-tenths
is available for wheat. There are only 22.SOO tons
under charter TO load grain a falling of of more
than 5000 tons from last year. As most or the
English vessels which come out here for wheat.
bring COAL there is great scarcity of foreign coal
in this market and prices have jumped up over 81
per ton in sixty days. with prospect of further
advance before October. The Pacific Coast coll
ie1ics are able to turn out enough coal to supply
all demands, but the quality is inferior
and il is entirely unsuitable for steamship use
Good judges declare That foreign steam coal Will
sell for $40 per ton this winter
curious contest between the people across the
hay and the Southern Pacific Company has just
been decided against the railroad. 1t seems that
some scalpers in Oakland conceived the plan OF
buying Communication tickets for crossing tho bay,
and selling them for single round trip the pur
oh N return ticket after In this way the
company was defrauded of much revenue,
so an order was issued that holders of commu alton
day and all back dates unused be cancelled. An
appeal made to the Railr Commissioners,
who decided that the Southern Pacihc's actions
were against the State constitution. and the COM
pany must give thirty trips per ticket
The notorious ship Gatherer which has been the
scene of so many Infamous acts of cruelty by mas
ter aud mates, is now living at this port unable TO
get crew. Two exmates of the ship are III
San Quentin for cruelty that resulted in the death
gripping of sailors and seamen who are supersti
tious refuse to ship on the ill-omened vessel. Half
tie captain hopes TO complete the crew by offering
q Ian ger bonus than any other master will give
The career of this ship would furnish material for
a sea romance, as she has seen mutinies, murders
and cIuelles of all kinds from the days OF Captain
Clarke down TO the last voyage to this port
The report that Carroll Cook. the executor
Of the shillaber estate, was short in
It arose from the peculiar transfer Of real estate
made by Cook aud his wife Cooks sister, Mrs.
Gould, a mortgage and not as deed aud the re-
cordlng of this transfer by Mrs Gould IN order 10
secure loan on 1t. Mrs Gould has recovered ludg-
ment against the Shillaber estate for $4,000 but
fearful of legal delays she obtained money from
Cook. and this transfer represented part payment
of the claim. Cook has brought suit to have the
transfer declared a mortgage.
When Millionaire Thomas II Blythe died
he left among other possessions, nearly
the American Government granted to HIM
and General ADdrade on condition that they
should improve certain portions and have fifty fam
lilies located ii by the first of this year The ad
1904 in work TO conform to the requirements OF
the grant, but recently the Probate Judge decided
that no more money shoud be spent on it. since
that General Andrade has sold portion of the
land, and the administrator appeals TO the court TO
set aside the decision IN order that he save the
property from alienation. The land is rich, and If
properly developed would be very valuable, hut the
chances are now that IL will revert TO the Mexican
Government, or be seized by some American syndl-
cate.
lively, but American steamship aud railroad lines
will not suffer unless the Canadian Pacific secures
swifter vessels than 1t now has chartered. Thirty
eght ear loads OF new crop tea were dispatched by
two special trains from this city 10 Chicago this
week and the steamer Begic IS due next
Friday with 600 more tons of tea, which
will be rushed East by special trains.
The time from Shanghai to New-York
for crossing the Atlantic this gives thIrty-six
days between Shanghai and Liverpool THIS beats
The quickest time on the Suez route by eight days.
The present time on American lines will be inn
proved, as the Occidental and Orieutal Steamship
Company has ordered the voyage between Yoko-
hama and San Francisco shortened by two days.
CHICAGVS JUDICIARY FIGHT